Printer Friendly

LOAN AMERICA DECLARES 10 PERCENTS STOCK DIVIDEND

 LOAN AMERICA DECLARES 10 PERCENTS STOCK DIVIDEND
 MIAMI LAKES, Fla., April 30 /PRNewswire/ -- Loan America Financial


Corporation (NASDAQ-NMS: LAFCB), a publicly owned residential mortgage banking firm, today (4-30-92) declared a 10 percent stock dividend on its Class B common stock, payable on May 26, 1992, to stockholders of record on May 11, 1992.
 The company's Class B common stock is traded on the NASDAQ national market system under the symbol LAFCB. There currently are 2,004,508 shares outstanding.
 Recently, Loan America announced record net earnings for the first quarter. For the three months ended March 31, 1992, Loan America earned $1.3 million ($.58 per share) on total revenues of $10.6 million.
 In announcing the dividend, John S. Kuczwanski, president of Loan America, stated, "We are pleased to share the company's success with its stockholders. And, we anticipate that the additional shares will be beneficial to the stock's overall market performance."
 Payment Record
 Company Class of Stock Type Amount Date Date
 Loan America Class B Common Stock 10 pct. 5/26/92 5/11/92
 -0- 4/30/92
 /CONTACT: John S. Kuczwanski, president of Loan America Financial Corporation, 305-557-9282; or John K. Schulte of Schulte, Ross & Aguilar, 305-856-1442, for Loan America Financial Corp./
 (LAFCB) CO: Loan America Financial Corporation ST: Florida IN: FIN SU: DIV


AW-SS -- FL005 -- 4888 04/30/92 11:38 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 30, 1992
Words:227
Previous Article:GIBSON GREETINGS, INC. FIRST QUARTER 1992 RESULTS
Next Article:JOHN HOPKINS REPORT OFFERS NEW HOPE FOR SMOKERS


Related Articles
WASHINGTON MUTUAL ANNOUNCES HIGHER EARNINGS, 50-PERCENT STOCK DIVIDEND, INCREASED CASH DIVIDEND
FIRST OF AMERICA BANK CORP. DECLARES DIVIDENDS ON 4 PREFERRED STOCK ISSUES
1ST SOURCE ANNOUNCES RECORD EARNINGS AND STOCK SPLIT
AHMANSON QUARTERLY DIVIDEND DECLARED
FIRST OF AMERICA BANK CORP. DECLARES DIVIDENDS ON 4 PREFERRED STOCK ISSUES
STOCK DIVIDEND DECLARED AT RAILROADMEN'S TO RECOGNIZE STRONG FINANCIAL PERFORMANCE
ATLANFED BANCORP, INC., DECLARES 15 PERCENT DIVIDEND
FIRST OF AMERICA BANK CORP. DECLARES DIVIDENDS ON 4 PREFERRED STOCK ISSUES
METROPOLITAN FINANCIAL INCREASES COMMON DIVIDEND
LOAN AMERICA DECLARES 15 PERCENT STOCK DIVIDEND

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters